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Crypto Tax Question — missing 1099 from defunct exchange

Started by just_curious_trader_advice · Nov 13, 2025 · 808 views · 24 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
JC
just_curious_trader_advice OP

I'm dealing with a situation and need some guidance.

missing 1099 from defunct exchange. I've been dealing with this for about 12 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but the other party is not cooperating.

What are the risks if I pursue this? What's the likely timeline?

CM
ContractorMike_CA

Been there. Here's what I learned.

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

TL
Mod_TermsLaw Moderator

Licensed attorney — a few thoughts. Here's my take on the legal issues.

There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.

The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.

CA
ConsumerAdvocate

I've dealt with this before.

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.

AF
asking_for_friend_trader_CO

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

HM
help_me_tenant_NY

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

SA
seeking_advice_trader_MA

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

WT
worried_trader_CA

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

PB
PatentAgent_Boston

I went through almost the exact same thing.

The biggest mistake people make in this situation is having everything documented. I'd recommend keeping a detailed timeline instead.

NP
newbie_parent_CA

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

DN
DataPrivacy_Nerd

I've dealt with this before.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

FF
frustrated_freelancer_WA

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

OD
OpenSourceLawyer_Dan

I went through almost the exact same thing.

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

NR
newbie_renter_GA

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

OD
OpenSourceLawyer_Dan

I've seen this play out several times in my field.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

FT
first_time_freelancer_FL

Have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.

NC
newbie_creator_2025

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

IG
InsuranceGuy_FL

I went through almost the exact same thing.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

SA
seeking_advice_worker_CA

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

FS
frustrated_seller_MA

Have you tried reaching out to your state's legal aid society? They sometimes have free resources or mediation services.

RL
RetiredLawyer_FL

I went through almost the exact same thing.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

FS
frustrated_seller_question

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

SM
SeniorDevMike_PDX

I've dealt with this before.

The biggest mistake people make in this situation is hiring an attorney to send the initial letter. I'd recommend being patient with the process instead.

ES
eComm_Seller_2022

I've dealt with this before.

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.

AB
AgentBroker_TX

I went through almost the exact same thing.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

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